![No Penalty when Assessee made a Claim under Bona fide belief based on Judicial Precedence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty when Assessee made a Claim under Bona fide belief based on Judicial Precedence: ITAT [Read Order]")
No Penalty when Assessee made a Claim under Bona fide belief based on Judicial Precedence: ITAT [Read Order]
A division bench of the delhi Tribunal in DCIT v. American Express India Pvt. Ltd, held that penalty under Section 271(1)(c) of the Income Tax Act,...
![No Penalty when Assessee not disclosed Income in Good Faith and Voluntarily Offers the same to Tax during proceedings: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Bombay-High-Court-2-Tax-Scan.jpg "No Penalty when Assessee not disclosed Income in Good Faith and Voluntarily Offers the same to Tax during proceedings: Bombay HC [Read Judgment]")
![ITAT Confirms Penalty for Non-payment of Self-Assessment Tax though same was paid subsequently by Filing Revised Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "ITAT Confirms Penalty for Non-payment of Self-Assessment Tax though same was paid subsequently by Filing Revised Return [Read Order]")
Penalty can’t be levied when Assessee collected TDS on the Gross Billing Amount including Service Tax by Mistake: ITAT Delhi
A division bench of the ITAT Delhi, on Wednesday deleted penalty against the assesse, M/s. Bhayana Builders Pvt. Ltd, who mistakenly collected collected TDS on the gross billing amount including...
Non-filing of GST Returns by a Firm would not Attract Penalty when It has Wrongly Registered as Sole Proprietor: Allahabad HC [Read Order]
A division bench of the Allahabad High Court, on Thursday, directed the Goods and Services Tax (GST) authorities to not to initiate penal actions against a Firm on ground of non-filing of GST returns...
![Non-filing of GST Returns by a Firm would not Attract Penalty when It has Wrongly Registered as Sole Proprietor: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/GST-Returns-Taxscan.jpg "Non-filing of GST Returns by a Firm would not Attract Penalty when It has Wrongly Registered as Sole Proprietor: Allahabad HC [Read Order]")
Penalty cannot be imposed on Central Bank of India for non-deduction of TDS on Interest earned on FDs of NOIDA: Allahabad HC
In a recent ruling, a division bench of the Allahabad High Court held that the assessee-Bank  cannot be treated as assesse-in-default for non-deduction of TDS on the interest earned on FDs of NOIDA. ...
Appeals Related to Penalty only can be settled through the Direct Tax Dispute Resolution Scheme, 2016: Kerala HC [Read Judgment]
In Ms.Grihalakshmi Films v. JCIT & Ors, the Kerala High Court held that appeals related to penalty proceedings can be settled through the recent Direct Tax Dispute Resolution Scheme, 2016. The...
![Appeals Related to Penalty only can be settled through the Direct Tax Dispute Resolution Scheme, 2016: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Kerala-High-Court-Tax-Scan.jpg "Appeals Related to Penalty only can be settled through the Direct Tax Dispute Resolution Scheme, 2016: Kerala HC [Read Judgment]")
Bombay HC deletes Levy of Penalty & Interest since Additional Duties of Excise (T & TA) Act does not contain Provisions
In Indo Swiss Embroidery Industries Limited v. CCE, Vapi, a division bench of the Bombay High Court held that penalty and interest under sections 11AB and 11AC of the Central Excise Act cannot be...
Assessee Omitted to Show Interest Received on IT Refund in Return Due to Non- Communication from Dept: ITAT says Penalty not Leviable
In M/s Subhash Chander Sewa v. ITO, the ITAT Amritsar held that penalty under Section 271(l)(c) of the Income Tax Act cannot be imposed when assessee omitted to show interest received on income tax...